Global Solar PV Inverter Market To Be Driven By The Increasing Application Of The Product In The Residential Sector In The Forecast Period Of 2022-2027
The new report by Expert Market Research titled, 'Global Solar PV Inverter Market Size, Share, Demand, Report and Forecast 2022-2027', gives an in-depth analysis of the global solar PV inverter market, assessing the market based on its segments like technologies, voltage, applications, and major regions.The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/solar-PV-inverter-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 7.3 Billion
• Forecast CAGR (2021-2026): 5%
• Forecast Market Size (2026): USD 9.8 Billion
Solar PV inverter is a clean source of energy, helps save a significant amount of money, and provides relief at the time of long power cuts. In this regard, the rising application of the product in the residential sector is also driving the market growth. In addition, the growing adoption of high-tech electronic appliances in the modern household is further propelling the demand for solar PV inverter.
Moreover, the increasing demand for electricity in the utility and industrial sectors is anticipated to boost the market growth in the forecast period. In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the rapid industrial advancements in countries like India and China.
Industry Definition and Major Segments
Solar PV inverter refers to an equipment which converts DC power into AC power generated from the solar array. This AC power is utilised in various applications including electric grids. Solar PV inverters also track voltage and shuts down the flow of current during emergency conditions.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/solar-PV-inverter-market
On the basis of technology, the market can be segmented into:
• Central Inverters
• String Inverters
• Microinverters
• Others
The market has been segmented based on voltage into:
• < 1,000 V
• 1,000 - 1,499 V
• >1,500 V
• Others
The significant applications of the product include:
• Utility Scale
• Residential Scale
• Small Commercial Scale
• Large Commercial Scale
• Industrial Scale
• Others
The regional markets for solar PV inverter include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the solar PV inverter market include the increasing concerns pertaining to emission of greenhouse gases, which is generating demand for the product, as it is eco-friendly. The stringent regulations of the government encouraging the utilisation of solar energy are anticipated to be the crucial trends in the market. The market is likely to be aided by the rising prices of fossil fuels.
Furthermore, the growing technological advancements in the sectors, such as aerospace and defence, and electronics and electrical, coupled with the increasing investments towards upgrading the existing power sources are likely to provide impetus to the market in the coming years.
Key Market Players
The major players in the market are Schneider Electric SE, Siemens AG, Mitsubishi Electric US, Inc., General Electric Company, Huawei Technologies Co., Ltd, FIMER Group, SolarEdge Technologies Inc, and Toshiba International Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Lithium-Ion Battery Market: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies
Lighting Market: https://www.expertmarketresearch.com/reports/lighting-market
Lentil Market: https://www.expertmarketresearch.com/reports/lentil-market
Speciality Biocides Market: https://www.expertmarketresearch.com/reports/specialty-biocides-market-report
Heat Resistant Fabric Market: https://www.expertmarketresearch.com/reports/heat-resistant-fabric-market
Electrical Conduit Market: https://www.expertmarketresearch.com/reports/electrical-conduit-market
Cystometry Catheters Market: https://www.expertmarketresearch.com/reports/cystometry-catheters-market
Automatic Train Operation System Market: https://www.expertmarketresearch.com/reports/automatic-train-operation-system-market
Humidity Sensor Market: https://www.expertmarketresearch.com/reports/humidity-sensor-market
Helicopter Blades Market: https://www.expertmarketresearch.com/reports/helicopter-blades-market
Media Contact
Company Name: Claight Corporation
Contact Person:- Eliana Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, US
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Solar PV Inverter Market To Be Driven By The Increasing Application Of The Product In The Residential Sector In The Forecast Period Of 2022-2027 here
News-ID: 2729597 • Views: …
More Releases from Expert Market Research
Aircraft Seating Market Report: Trends, Challenges, and Strategies
According to the report by Expert Market Research (EMR), the global aircraft seating market is projected to grow at a CAGR of 7% between 2024 and 2032. Driven by combination of factors such as increasing air travel, technological advancements, and evolving passenger preferences, the market is expected to grow significantly by 2032.
Aircraft seating refers to the seats installed in commercial and private aircraft to accommodate passengers during flights. These seats…
Explore the Aerospace Adhesives and Sealants Market: Key Drivers & Forecast
According to the report by Expert Market Research (EMR), the global aerospace adhesives and sealants market size reached a value of USD 1.22 billion in 2023. Aided by burgeoning demand for lightweight materials, fuel-efficient aircraft, and advanced composite structures, the market is projected to further grow at a CAGR of 5.70% between 2024 and 2032 to reach a value of USD 2.00 billion by 2032.
In aviation sector, where precision, durability,…
Floating Shelf Unit Manufacturing Plant Project Report 2024: Industry Trends and …
Introduction
Floating shelf units have gained immense popularity in modern interior design due to their aesthetic appeal and functionality. These shelves, which appear to "float" on walls without visible brackets, provide an elegant way to display decorative items, books, and other belongings while saving floor space. As the demand for innovative and stylish home furnishings continues to rise, establishing a manufacturing plant for floating shelf units presents a promising opportunity for…
United Kingdom Agricultural Machinery Market Growth, Trends, and Forecast
According to the report by Expert Market Research (EMR), the United Kingdom agricultural machinery market reached a value of nearly USD 2.27 billion in 2023. As the agricultural sector continues to evolve and technology integration becomes more pronounced, the market is projected to grow at a CAGR of 4.70% between 2024 and 2032 to reach a value of around USD 3.43 billion by 2032.
The United Kingdom agricultural machinery market growth…
More Releases for Market:
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has…
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market
Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders.
Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based…
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of…